I don't know if you work for JRT, but you've have to be living in denial if you don't think that Roberts and his cronies haven't been misleading us. The reality is that they have had to BORROW money just to keep afloat, and they have mislead shareholders about their financial stability. I'm happy to pay a lawyer a percentage of a settlement to get the attention of this incompetent BoD and management. At the rate the stock price is going, there won't be much left anyway. And as for Roberts buying shares, BS. He has bought as much as he's allowed, and I don't see any of the BoD loading up. So to suggest that he is doing something to shore up the stock price is just plain stupid.
I'll take my chances with the class action suit. My lawyer tells me we'll end up with more than just watching this stock implode on a daily basis.
Smooth, I think when people start threatening a first class shop like JRT and malign Joe Roberts (who has far more to lose than yahoos on message board) we could be close to the bottom, at least from a sentiment standpoing. This cycle is truly nasty. Anyway, I am long 500 shares with $7.95 cost base and the benefit of a $0.30 divy. I previously traded JRT profitably and collected $1.10 divy at the begin year. Deep